LTV Limit definition
LTV Limit. As of any date of determination, the product of (a) initially, seventy-five percent (75%), subject to increase in accordance with Section 2.1(e) hereof, and (b) (i) the sum of the Aggregate Collateral Value of all the Life Policies on such date and (ii) any cash pledged to the Lender on such date pursuant to Section 2.1(f)(ii) or Section 10.3.
Examples of LTV Limit in a sentence
Notwithstanding anything herein to the contrary, if an LTV Limit Trigger Event would occur solely due to the Lender making any potential Protective Advance, then clause (a) of the definition of LTV Limit shall be increased to eighty percent (80%).